First Trade.

This is going to be a bit of a gamble, but it seems like I've missed the silver trade, so I need in somehow.

Lets sell some SLV Puts.
Trade --> Sell 20 SLV OCT'11 35.00 Puts @ Market ($1.36)
Info --> We will receive $2720 for the sale, and require $70,000 in margin to meet the requirements of the 20*100 SLV Share contract at $35.00. Ideally we hold these until expiration, but if silver flattens out, or looks ripe to short, maybe we'll sell these a little early. Worst case scenario we pick up 2000 SLV shares for an average cost of 33.64 (23.58% below market of $44.02)

Account Details

Cash = $100,000 + 2,720 = 102,720.
Open Positions
- 20 Oct'11 35.00 SLV Puts
Open Orders
N/A